Avoiding Common Tax Pitfalls: An 8-Step Plan to Help Small Businesses Ensure Accurate Tax Filings

Small businesses often face challenges when it comes to tax filings and those challenges can -- and do! -- cause considerable stress. In fact, research tells us that 80% of small business owners in the U.S. feel stressed during tax season with almost 63% of them rating that stress at three or more on a...

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California Sick Leave Requirements Have Changed!

Are you a small business owner in California! Don't forget that as of January 1, 2024, California's paid sick leave requirements have been amended. (more…)

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Streamlining Your Small Business Tax Preparation: A Step-by-Step Guide

Taxes. Is there anything small business owners dread talking about more? Tax preparation often feels like a monumental, not to mention confusing task, no matter how long you’ve been in business.  (more…)

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When Should You Outsource Payroll & Bookkeeping For Your Small Business?

Small business owners often find themselves stuck trying to strike a balance between investing in their business and keeping their purse strings pulled tight. Even well-established and profitable small business owners might hesitate before spending money on their business when the market or global landscape is volatile.  On the other hand, investing in critical small...

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7 Ways to Boost Your Business With a Virtual CFO

Small business ownership is not for the faint of heart and in today's dynamic business landscape, staying competitive and profitable requires more than just a great product or service. It necessitates a keen financial strategy and management that can adapt to changing circumstances.  As you might already know or have even experienced, not all small...

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10 Reasons Why Your Small Business Needs a Bookkeeper

When it comes to running a small business, we realize that your budget is critically important. That’s why most small business owners are so careful about expenses and reluctant to spend on products or services they really don’t need.  While that logic makes sense, there are some corners that really shouldn’t be cut when it...

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Is your business prepared for year-end?

It's coming down to the wire. The year has already passed us by as fast as the last one—well, maybe not that fast when you're stuck at home all year long, but it's still been fast. And your financial services professionals at Cove Professional Services understand that many businesses haven't begun to fully prepare for...

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Some of the Most Significant Tax Law Changes for 2021 to Know Before Your File

As the year is coming to a close, it means that we’re all that much closer to tax preparation and filing time. Don’t you love to hear that?! At Cove Professional Services, we’re always staying on top of the most critical tax law changes to ensure our clients are always in the know. Here are...

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How the Simplified Employee Pension Plan can Benefit Your Business

If you're in business for yourself, either self-employed or you’ve started an actual Sole Proprietorship, it’s essential to find ways to save money on your taxes. After all, you’re in business by yourself, and chances are you may not have any taxes reduced from your income during the course of the year. The Simplified Employee...

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Update On the SBA COVID Disaster Loan Extension

At Cove Professional Services, we're constantly staying up to date on the latest news and changes to tax law and other government agencies that impact your business. And with the newest announcement from the Small Business Administration on the COVID Disaster loan extension, we wanted to take a moment and give you some key highlights...

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